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Russia's Crony Capitalism: The Path from Market Economy to Kleptocracy

by Anders Aslund Yale University Press
Pub Date:
05/2019
ISBN:
9780300243093
Format:
Hbk 336 pages
Price:
AU$59.99 NZ$63.47
Product Status: In Stock Now
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This insightful study explores how the economic system Vladimir Putin has developed in Russia works chiefly to consolidate his control over the country. Installing close associates at the head of state enterprises, giving control of the FSB and judiciary to his friends from the KGB and enriching businessmen from Saint Petersburg with preferential government deals, are all components in Putin’s creation of a super wealthy and loyal plutocracy that owes its existence to authoritarianism.


 


Most alarming of all, however, is the fact that much of this wealth has been hidden in Western offshore havens in the United States and the United Kingdom where companies with anonymous owners are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in a position of untenable stagnation, which Putin has tried to hide through emphasising the country’s military might.
 “Superb book”— Martin Wolf, Financial Times

“Full of insight and informed judgment, former diplomat Anders Aslund takes aim at the ‘authoritarian kleptocracy’ and the inner circles of power”— John Lloyd, Financial Times

“There are many books already on the Russian oligarchy, but Åslund’s is unique. He does not hesitate to name names and to identify Russian and foreign banks, financial institutions, and government agencies which have facilitated this massive and arguably historically singular episode”— Oleh Havrylyshyn, Atlantic Council

“An interesting book”— Ayse Dietrich, International Journal of Russian Studies

“An insightful and authoritative guide to Russia’s economy since the fall of communism by the foremost Western expert on the subject.”—Daniel Treisman, Professor of Political Science, University of California, Los Angeles

“Anders Åslund’s economic analysis is impeccable. This is a hard-hitting, fact-based account of Putin’s Russia.”—Paul Gregory, University of Houston and Research Fellow, Hoover Institution, Stanford University

“No one in the outside world has followed and analyzed Russia’s economic policies and trajectory since the demise of the Soviet Union as thoroughly as Anders Åslund. From the early radical reforms to today’s stagnating kleptocracy, it’s a huge story, and no one tells it better.”—Carl Bildt, former Prime Minister and Foreign Minister of Sweden
 

“Anders Åslund has tracked Russia’s economy since perestroika and has written the definitive assessment of Putin’s kleptocratic system—how it functions and why it needs authoritarianism and xenophobia to survive.”—Alexander Vershbow, former US Ambassador to Russia

"After a decade, Anders Åslund has returned to the subject of Russia and produced an interesting, well-written and challenging analysis of where the economy stands, how it got here, and where it and President Putin may be heading."—Stanley Fischer, Former First Deputy Managing Director of the IMF

Anders Åslund is a leading specialist on economic policy in Russia, a senior fellow at the Atlantic Council in Washington, DC, and an adjunct professor at Georgetown University’s Center for Eurasian, Russian and East European Studies.